GENERAL TARIFFS ON FINANCIAL INSTRUMENTS AS FROM 01 MARCH 2016

Transcription

1 GENERAL TARIFFS ON FINANCIAL INSTRUMENTS AS FROM 01 MARCH 2016 I. Investment funds 1. BCEE s investment funds Under exceptional reserve provided in the prospectus, the tariffs are as following: Subscription of money market funds Branch S-net rate 0.100% 0.070% Subscription of fixed income funds Branch S-net nominal amount < EUR 50, % 1.050% from EUR 50,000 to EUR 125, % 0.700% nominal amount > EUR 125, % 0.350% Subscription of asset allocation funds and equity funds Branch S-net nominal amount < EUR 50, % 1.400% from EUR 50,000 to EUR 125, % 1.050% nominal amount > EUR 125, % 0.700% N.B.: for BCEE s investment funds (details available on no safe custody fees are charged no redemption fees are charged S-INVEST: discount of 30% on the standard branch fees (minimum EUR 2.50 / order) S-INVEST GOLD: EUR 2,50 / order 2. Selected funds Money market funds * Branch S-net rate 0.150% 0.250% 0.105% 0.175% Fixed income funds * Branch S-net nominal amount < EUR 50, % 0.250% 1.400% 0.175% from EUR 50,000 to EUR 125, % 1.050% nominal amount > EUR 125, % 0.700% Allocation funds and equity funds * Branch S-net nominal amount < EUR % 0.250% 1.750% 0.175% from EUR to EUR % 1.400% nominal amount > EUR % 1.050% * increased by eventual external costs 1

2 3. Other investment funds Concerning the other investment funds, the applicable net asset value is adjusted by the specific subscription/redemption fee as explained in the prospectus, in addition to that, are charged the beyond mentioned BCEE fees: Other funds Branch S-net subscription / redemption subscription * / redemption minimal subscription charge EUR 100 EUR 70 min. rate Hedge pre-paid EUR 500 / nominal amount < EUR prospectus fee % prospectus fee % from EUR to EUR prospectus fee % prospectus fee % nominal amount > EUR prospectus fee % prospectus fee % * currently not available II. Bonds and Euro medium term notes (EMTN) 1. Subscription / Sale of bonds BCEE s selection Branch S-net nominal amount < EUR % 0.350% from EUR to EUR % % nominal amount > EUR % 0.175% Over The Counter Branch S-net * nominal amount < EUR % 0.700% from EUR to EUR % 0.525% nominal amount > EUR % 0.350% Money markets Branch S-net * nominal amount < EUR % 0.875% from EUR to EUR % 0.700% nominal amount > EUR % 0.525% * currently not available 2. Sale / Purchase of structured products like EMTN Details of fees charged for sale or purchase of EMTN issued by BCEE are included in the document entitled Important information related to the EMTN, available in your branch. Technical details of the issue are included in the Pricing supplement available in BCEE headquarters. 2

3 III. Sale / Purchase of equities, ETF (exchange-traded funds) and warrants Equities, ETF and warrants Branch S-net minimal subscription charge EUR 60 EUR 30 nominal amount < EUR % 0.500% from EUR to EUR % 0.375% nominal amount > EUR % 0.250% New share issues (IPO): 0,500% (minimum EUR 60) Main available markets: Austria, Belgium, Denmark, Finland, France, Germany, Irland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United States, United Kingdom, Australia *, Canada *, Greece *, Hong-Kong *, Indonesia *, Japan *, Singapore *, South Africa *. The transaction fees are increased by taxes of the market (stamp duty, TTF, capital gains taxes,...). The transaction fees are increased by the local settlement fees for some markets outside Central Europe and North America. * currently not available on S-net IV. Sale / Purchase of subscription and bonus rights The same rate as for equities and warrants is applied, except for the Minimum, lowered to EUR. V. Sale / Purchase of options Country Tariff per contract Minimum Germany EUR 5.00 EUR Spain EUR 5.00 EUR France EUR 5.00 EUR Netherlands EUR 5.00 EUR Belgium EUR EUR 100,00 Italy EUR EUR 100,00 Portugal EUR EUR Finland EUR EUR United Kingdom GBP GBP Norway NOK NOK Sweden SEK SEK Switzerland CHF CHF United States USD 6.00 USD Other countries on demand EUR VI.Transfer and withdrawal charges Internal transfer of BCEE securities: free of charge Internal transfer of other securities: per item EUR 5.00, max. per securities account EUR External transfer (depository): per item EUR Physical withdrawal: per item EUR

4 VII. Value dates The value date for a purchase/sell order to sell depends on the rules of the corresponding market (generally it equals to the third business day following the trade date). VIII. Security transactions involving foreign exchange operation A foreign exchange fee is applied to transactions settled in a different currency than the one of the current account at the rate of 0.1% on the gross amount (fees and external charges included) with a minimum of EUR 2.50 and a maximum of EUR IX. Charges levied on coupons and redeemable securities (teller transactions) BCEE issues and investments funds managed by BCEE: free of charge Issues for which BCEE is the principal paying agent: free of charge Collection fee Rate Minimum coupons payable 2.500% EUR 8.00 securities payable 0.500% EUR 8.00 Discount Rate Minimum (for cash withdrawal) coupons / securities payable in Luxembourg 1) where BCEE acts as sub-paying agent 0.125% EUR 4.00 (max. EUR 65) 2) with other paying agents 1.000% EUR 4.00 coupons / securities payable abroad 1.000% EUR Rate Minimum Affidavit fees (where applicable) 1.000% EUR 6.50 Correspondent s charges (where applicable) coupons payable abroad 2.500% EUR 6.50 securities payable abroad 0.200% EUR 6.50 Postage and insurance charges coupons - EUR 1.25 securities 0.150% EUR 2.50 Temporary deposit charges (for securities / coupons presented more then one month before maturity EUR 6.50 X. Corporate actions (teller transactions) Rate/Tariff Renewal / validation, of coupon sheets/securities per items validated EUR 0.75 Bonuses, stamping, of allotments/securities, per items stamped EUR 0.50 Exchange, per items exchanged EUR 0.25 Transfer of registered securities EUR Conversion of bonds into shares 0.250% Other transactions 0.5% (Min. EUR 40.00) 4

5 XI. Securities 1. Safe custody fees Safe custody fees include all custody deposit charges, fees on redeemable coupons/ securities and on corporate actions. No custody fees are charged on BCEE s own issues and investment funds from the LUX-* category. Custody fees are charged monthly based on the market valuation (for bonds: minimum nominal value) of securities in custody on the last working day of the respective month. 1) Annual rates calculated each month 0.200% (annual) value EUR 750, % (annual) value of EUR à EUR 1,250, % (annual) value over EUR 1,250,000 Minimum per securities deposit: EUR 4.00 Minimum per item of securities: EUR ) Those base rates must be multiplied by 1.25 for precious metals (monthly minimum per item: EUR 2.20). multiplied by 1.5 for securities deposited in intermediate markets (Eastern Europe and Asia except Japan). (monthly minimum per item: EUR 1.70). multiplied by 3 for securities deposited in certain exotic markets (South America and Africa). (monthly minimum per item: EUR 3.40). 3) Where applicable, deposit charges are subject to: 14% for securities operations 17% for precious metals 2. Credit value dates applicable to coupons / redeemable securities No working days are applied. 3. Other charges Securities safe custody fees statement: EUR 8.00 Statement of transactions in financial instruments: EUR 8.00 Statement of holding in financial instruments: EUR 8.00 Statement of income on financial instruments: EUR 8.00 Certificates of other statements depending on effective working hours (EUR 50 / hour). Important notice! This is an overview of BCEE s main banking fees as of March 01, The various charges listed may be cumulative depending on circumstances. This list of products and services is not exhaustive. For any further questions please do not hesitate to contact the staff at your BCEE branch. With reference to article 19.1, para. 2 and 19.2 of our General Terms and Conditions, it should be noted that Banque et Caisse d Epargne de l Etat, Luxembourg reserves itself the right to realign its charges and commissions. Any modification of commissions, charges or rates implies a corresponding right on the part of the customer to terminate the agreement in question when the resulting cost is unduly high compared with the costs he was entitled to expect on signature of the agreement. Banque et Caisse d'epargne de l'etat, Luxembourg, établissement public autonome, 1, Place de Metz, L-2954 Luxembourg, R.C.S. Luxembourg B tél. (+352)